Setting up a CIC

Information

Guidance on how to set up a CIC especially where communities need to work together before they actually create the CIC e.g. collect funds commission work from advisors ahead of formation as some market testing or preparatory work

Discussion Forum

I am working on terms and conditions and other features to try and get the CIC on a good legal footing before we really start up and came up against the issue of Information control. Looking at the…Continue

If i was to ask an established commercial company to donate their services or products would they get any benefits for donating to a community interest company because i know they get some sort of…Continue

I am currently writing up my CIC application (ltd by guarantee), but am discovering more and more than funding usually require 3 directors at least.I have a deadline as my community bookshop is due…Continue

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Hi I am struggling to understand all the jargon on the CIC form and am having problems finding anyone to help me I have read the paper work stuff and still have v limited understanding is there anyone who could give me a hand I would be really grateful. thanks.

Sky, also to add, I asked the Office of the Regulator for a bit of guidance on whether certain activities would be considered to be of benefit to the community, and they emailed me back today with comment on my particular case.

If you email them for guidance, I think it would be really useful to explain to them in general lay terms of how you think your activities will be of benefit to the community.

This sets out that to determine if something is of community benefit, look at the 'underlying purpose' towards which an organisation's activities are ultimately directed'. So, as a whole, what community benefit does your organisation produce? This could either be the work of the CIC directly benefits the community, or it could raise funds which are then given to another organisation and which are used to the benefit of the community.

As I remember, one cannot check the Office of the Regulator in advance to ascertain whether their objects are “In the interest of the Community.” Thus, I am hoping someone can advise me whether they think a senior co-housing community that cooperatively owns the land and leases from the CIC to build their own dwelling would be acceptable to the regulator. Our articles would give us total control over who can be a member, who can be a director, who can lease, and all aspects of governance.

Hi everyone, I'm new to this group, so apologies if my question has already been answered somewhere along the line. Does anyone know if having a family member on the board of a CIC is frowned upon? I cannot find any document which states this should not be done, however I was recently informed that this was the case.